Good News For Trade

(Reuters)

Progress in the U.S.-China trade talks helped propel world stock markets to a 6-month high on Friday and steered investors away from save havens such as the Japanese yen.

In early European trades, the pan-region Euro Stoxx 50 futures, German DAX futures and London’s FTSE futures each rose about 0.1 percent.

U.S. Treasury Secretary Steven Mnuchin said he hoped U.S.-China trade talks were approaching a final lap.

That, combined with strong Chinese export and euro zone industrial production data on Friday has lifted global equities, bund yields and the euro. Read more